How a Self-Employed Borrower Can Actually Get Approved for a Mortgage
A contractor grossing $300K may qualify on just $85K—here's why self-employed mortgage approval works that way and what you can do to change the outcome.
Difficulty Qualifying for a Mortgage as a Retiree
As a retiree, qualifying for a mortgage can be difficult. So, take these steps so you can get that mortgage or refinance when rates remain historically low.
What Will The End Of Fannie Mae Mean For Rates?
There may be gridlock in Washington these days, but there is one issue that seems to have bipartisan support and that is that Fannie Mae and Freddie Mac must go....
Tax Reform Before Debt Ceiling Deal?
It may seem unlikely, at least at first blush, but there appears to be some quiet movement toward that end. Senator Max Baucus (D-Mont.) and Representative Dave Camp (R-Mich.) both...
Figuring Out How Big a Mortgage You Can Afford
Before buying a home, you have to first figure out how big a mortgage you can afford. There are multiple easy ways to arrive at a rough estimate.
Three Areas to Scrutinize on Your Good Faith Estimate for a Mortgage
When getting your good faith mortgage estimate, you have to scrutinize the terms and conditions to make sure you’re not paying more than you need to.
Four Tips for Safe Use of a Credit Card Online
Using a credit card online can expose you to identity theft. So, learn some tips on how to better protect yourself when you are on the web.
Mortgage Basics – Reading an Amortization Table
Most borrowers don’t should keep tabs on where their money goes to manage a home loan. Maybe giving a read on your amortization tables is in order.
Fannie Mae Posts Record Profits in the Second Quarter
Just a few years ago Fannie Mae was in a dire situation. They had gotten in over their head with subprime mortgages.
The Impact of Interest Rate Increases on Mortgage Applications
The lower the interest rate on a mortgage loan, the less a borrower pays monthly and over the life of the term.
Understanding What is APR and What is an Interest Rate
The interest rate on a home loan has a tremendous impact on how much you actually pay for the house.
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Can Regular People Still Buy A Home?
The answer to that question is yes…but. After the housing bubble of 2008, housing prices plummeted, especially in certain overheated markets (i.e. Las Vegas, Miami, etc.).
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4 Home Renovation Projects That Pay for Themselves
Anyone who has undertaken home renovation projects inevitably ask the question: How much return on investment (ROI) can I expect on the outlay?” When it comes to renovations,...
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Just in Time for Halloween: The Mask of Condo-Mania
If you’re among small real estate investors who don’t think it matters what the big developers do, consider what happened when Wall Street and larger investors learned this...
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The Simplest Guide to Successful Selling
You are ready to sell your investor house and collect the benefits. Hopefully. But your profits are razor-thin, so you don’t want to involve a broker who will reduce the small...
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Sound Familiar? House Flippers Hit A Snag
Uh oh. Haven’t we seen this movie already? As many of you undoubtedly know, much of the housing “recovery” has been concentrated in what is euphemistically referred to as...
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Move Fast to Sell Your Home Before Thanksgiving
Some buyers preferred the more laid-back, relaxed environment of the holidays because they have few competing buyers for properties they are interested in touring and possibly...
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